Fundamentals and the Week Ahead

The Biggest news this week was out of the European Union as ECB President Trichet used unusually strong language in his remarks after the ECB left interest rates alone. He hinted that rates could raise at the next meeting. Please see above FOREX report for more details.

THE WEEK AHEAD


MONDAY: Atlanta Fed President speaks, consumer credit; earnings after-the-bell from Urban Outfitters.
TUESDAY: McDonald’s February sales data, 3-year Treasury note auction, BofA investor conference, Nvidia analyst meeting.
WEDNESDAY: Mortgage applications, wholesale trade, oil inventories, 10-year Treasury note auction, BofA/ML consumer conf., Citi 2011 financial services conference, anniversary of S&P 500 closing low (2009); earnings before-the-bell from American Eagle Outfitters and after-the-bell from H&R Block.
THURSDAY: BoE announcement, international trade, jobless claims, quarterly services survey, 30-year Treasury bond auction, Treasury budget, money supply, Nasdaq peak anniversary; Earnings before-the-bell from Smithfield Foods and after-the-bell from National Semiconductor.
FRIDAY: Retail sales, consumer sentiment, business inventories, S&P index rebalancing info due, Apple’s iPad 2 ships; earnings before-the-bell from Ann Taylor.

By, BinaryOptionStrategy.com